Scenario 11.1 ABC Company,a Domestic (Canadian)manufacturer of Road and Mountain Bicycles,has Recently

question 120

Multiple Choice

Scenario 11.1
ABC company,a domestic (Canadian) manufacturer of road and mountain bicycles,has recently expanded operations in its Italian business unit in response to the continued high demand for its products from international buyers.To meet this demand,the executives of ABC Company are recruiting internally for a high performing manager to serve as an expatriate in their newest overseas operation.They have identified Doug-a quickly rising star in their domestic operations-for this assignment.Doug is strongly considering their offer,and has already talked to his family about this opportunity.
-Please refer to Scenario 11.1.ABC company is clearly using its domestic capabilities to move into overseas markets.Which type of corporation is ABC company?

• A)multinational corporation
• B)transnational corporation
• C)global corporation
• D)international corporation

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Definitions:

Withholding Allowances

Amounts that taxpayers can claim to reduce the federal income tax withheld from their paycheck, based on their expected tax deductions and credits.

FICA Taxes

Taxes collected under the Federal Insurance Contributions Act, funding Social Security and Medicare, required to be paid by both employees and employers.

Two Jobs

Working for two distinct employers at the same time, often to increase income through additional work.

Wages

Payments made to employees for services rendered, typically calculated on an hourly, daily, or piecework basis, and subject to income tax.